JCAM Review- Is JCAM a scam or legit broker?

JCAM Review: Introduction

JCAM is an online trading platform and it is owned by JCAM Investments Ltd. The company is located in the United Kingdom. The website can be found at http://www.jcamtrade.com/ which is currently not in use. This makes it suspicious to us whether they are regulated or not. Read this complete JCAM review to learn more about this broker.   

They can be contacted by email at cs@jcamforex.com and by phone at 4008558729. They do not mention the details about the regulated license of the company. It indicates that this broker may be involved in Online scams, Cryptocurrency scams, Forex scams, or Investment scams.  

JCAM Review: Regulated license

Checking the regulated license of an online trading broker is important because if a company has no license, it has a high possibility to defraud users. It helps you to avoid scam brokers. When it comes to Jcam Investments Limited regulation, this firm got a warning from FCA – Financial Conduct Authority (United Kingdom). According to the report of FCA this company is not authorized by them due to its involvement in scam activities. It is better to avoid Jcam Investments Limited because it can be a potential scam broker. Always check the forex or cryptocurrency scams list before investing money with an online trading broker.   

We recommend you do not trade or deal with Jcam Investments Limited, and if you have an open account or agreement with this company, we suggest you try to withdraw your funds as soon as possible. 

How does the JCAM Investments scam work?

The online scams start when new and inexperienced traders are browsing for an online trading platform. It is a good chance for scam brokers to steal money from investors because most investors don’t have knowledge of the forex market. Scammers use tricks to convince people to invest money with them like they contact people through online ads or social media. They make a fake promise that they will double or multiply your investment. If once users convince and invest money with them, scammers ask for more money to invest. But it’s too late when users realize that they are cheated by the scam brokers and lose all their money on a fake trading platform. 

Are your funds safe with the JCAM broker?

There is no assurance or security of assets with an unregulated broker. They hide the details about the company, which raises concerns. At the point when such significant subtleties are missing, the security of your assets turns into a challenge. This makes sense of why your assets are not safe here. Such platforms ordinarily go after gullible traders, promising a few features and benefits that are vacant commitments. 

JCAM Review by Customers

Scams Report does not see any positive customer reviews or feedback about JCAM broker on other sites. After reading all the negative and positive JCAM reviews, we found that this broker does not work like a professional broker and might be involved in suspicious activities like Cryptocurrency scams, forex scams, or any other scams. Scams Report community provides a list of scam brokers 2023 on our website that helps to avoid such scam brokers.

What to do when you have been scammed?

Immediately call your bank and tell them that you have been scammed by a scammer and ask to change your banking user name and password. Take all the investment documents safely; it will help at the time of fund recovery.

Conclusion about JCAM Review

We find that JCAM got a warning from a central authority of FCA, which means they are potentially involved in a scam. It’s better to stay away from this broker or any other scam broker. If you are a victim of JCAM scam, Cryptocurrency scams, forex scams, or any other scams, file a chargeback for fund recovery. Fill out a complaint form on Scams Report website. Our experts will provide you free consultation, and we will guide you in the process of fund recovery. Scams Report advises you to stay alert, and read JCAM reviews on different channels before investing after it is your hard-earned money.

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